Business

Party City closing spurred by sudden drop in inventory valueBloomberg

The trouble surfaced when an appraisal significantly reduced the value of key asset categories supporting company borrowings. Read More The trouble ...

One of the last affordable options in the housing crisis has seen prices soar faster than new homes, study saysJason Ma

The average sales price of new mobile homes, or manufactured homes, jumped 58.3% between 2018 and 2023, according to a ...

Starbucks’ worker strike expands to a dozen major U.S. cities after employees say the chain offered an ‘insulting economic package’Sydney Lake

Your cup of joe will be harder to get as holiday shopping hours dwindle. Read More Your cup of joe will ...

The Container Store files for bankruptcy as housing crisis cripples cash flowThe Associated Press

Under Chapter 11 protection, The Container Store will continue to operate while it restructures. Read More Under Chapter 11 protection, The ...

Nordstrom going private in $6.25B deal with founding family, Mexican retailer

The family that founded Nordstrom and El Puerto de Liverpool are buying Nordstrom, paving the way for the retailer to ...

The IRS is sending $1,400 stimulus checks to 1 million taxpayers. How to tell if you qualifyAlicia Adamczyk

The automatic deposits will be issued “later this month” and should arrive “in most cases” by late January 2025. Read ...

Teamster driver vows to ‘hit Amazon hard,’ making case for strike ahead of Christmas: ‘Tired of being abused’

Teamster drivers have expanded their strike against Amazon mere days before Christmas, and thousands are staying strong, vowing to hold ...